CME grain prices witnessed an upward trend across the board on Thursday. December soymeal increased by $5.20 and closed at $377.20/st. November soybeans shifted up by $0.0775 and settled at $12.80/bu. Additionally, December corn rose by $0.115, reaching $4.97/bu, and December wheat jumped by $0.1825 to $5.78/bu. After the USDA reported strong export sales, soybeans and corn experienced significant increases. Meanwhile, wheat stood out amongst all grains as it surged due to lingering concerns that El Niño might cause substantial drought conditions in the Southern Hemisphere.
Weekly Export Sales – Released October 5, 2023
The weekly soybean export sales for September 28th in the marketing year 2023/24 amounted to 808.5 thousand metric tons (TMT). This represents an increase of 136.3 TMT compared to the total last week and exceeds the previous four-week average of 491.4 TMT. Export sales for the crop season 2024/25…
09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...